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The Economy


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I get an interesting newsletter called "The Kiplinger Letter".

I have been reading it for about 2 years now and have seen them to be "fairly" accurate in their assessment of the economy over the last 2 years. It is helpful to have some idea on what is happening so you can make a few financial decisions (if you have any money or home left to make such decisions).

I especially like it as it tells why it feels things will go in a particular direction. Their analysis is usually pretty sound and neutral.

This jumped out at me -

Thirty-year mortgages... up a full point by year-end, due to higher Treasury rates and stronger housing demand.

Report_2.doc

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Things are still very bad here... in fact hese days I boil the kettle and then make a flask with the rest of the water for the next cup of coffee... it saves electricity... Ireland is bankrupt and time will tell what will happen to the Euro, Ireland is already printing Punts in readiness !!

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